The invention relates to a reagent for cutting peptides, in particular to a reagent for cutting sulfydryl-containing peptides from resins. In addition, the invention also relates to a method for cutting sulfydryl-containing polypeptides from resins, which is suitable for industrial production of sulfydryl-containing polypeptides. The reagent for cutting sulfydryl-containing polypeptides from resins comprises the following components in parts by weight: 85-95 parts of trifluoroacetic acid, 1-5 parts of triisopropylsilane, 1-4 parts of mercaptoundecanoic acid, 1-4 parts of phenol and 1-2 parts of water. The invention has the advantages that because ethanedithiol is a chemical reagent which is not produced at home, the cost of the ethanedithiol is expensive, and the ethanedithiol has effluvial smell in the reaction process; in the invention, mercaptopropionic acid is used for replacing the conventional ethanedithiol, thus the production cost can be lowered, the environment pollution is greatly reduced, and simultaneously, the effect of the peptide cutting reaction can also be improved; and meanwhile, the invention has the characteristics of low procurement cost, reduction of the three wastes, good crude peptide quality and the like, and is very suitable for industrial production of sulfydryl-containing polypeptides.